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Chevron to buy Anadarko for $33B

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Chevron announced a cash-and-stock deal valued at $33 billion for Anadarko Petroleum.

The deal announced today values Texas-based Anadarko at $65 per share, a 39 percent premium from its Thursday closing price.

The purchase reportedly would boost Chevron's natural gas and shale operations.

Read more from CNN Business.

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